https://www.taxtmi.com/caselaws?id=461893 The HC dismissed the petition challenging notices issued under sections 148, 143(2), and 142(1) of the Income Tax Act. The court held that the AO had valid reasons to believe income escaped assessment based on the District Valuation Officer's report and survey findings showing undisclosed income. The AO recorded proper satisfaction regarding escaped income for relevant assessment years, establishing jurisdiction for issuing notices. The court noted the assessee would have opportunity to present defense in appellate proceedings, finding the petition without merit. en-us Mon, 10 Feb 2025 00:00:00 +0530 Wed, 09 Jul 2025 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461893 The HC dismissed the petition challenging notices issued under sections 148, 143(2), and 142(1) of the Income Tax Act. The court held that the AO had valid reasons to believe income escaped assessment based on the District Valuation Officer's report and survey findings showing undisclosed income. The AO recorded proper satisfaction regarding escaped income for relevant assessment years, establishing jurisdiction for issuing notices. The court noted the assessee would have opportunity to present defense in appellate proceedings, finding the petition without merit. Case-Laws Income Tax Mon, 10 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461893